Archive for October, 2010

Transparency International needs transparency

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TI slammed for failure in applying the principles of fair play
Corporate giants fan and benefit from conflicts in third world

The Pakistan Economy Watch (Pew) on Sunday said interference of Transparency International (TI) in the affairs developing nations is a challenge to their sovereignty.
Such reports may not provide true picture as TI collect data from a small section of society, said Dr. Murtaza Mughal, President PEW.
How, where and when these surveys take place, how authors of report are selected, he questioned adding that masses must know about the mechanism through which TI avoids conflicts of interest.
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Key to Pakistan’s energy security, economic independence lies in Thar Desert

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PEW dismayed over slow pace of progress on coal project
Ignoring vital source of energy not an option, it’s a matter of survival

The Pakistan Economy Watch (PEW) on Sunday said pace of development in Thar Desert is discouraging which amounts to depriving masses of a secure future.
Thar coal is the key to energy security and economic self-sufficiency of Pakistan but federal and provincial governments are yet to assign highest priority to it.
Ignoring this vital source of energy not an option; it is a matter of survival, said Dr. Murtaza Mughal, President, PEW.
Paucity of funds, sloppy attitude of the officials, kleptocratic delays and the poor funding by the international agencies and donors are the issued that must be tackled immediately, he said.
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17 NRO beneficiaries serving in FBR

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Abuse of power burdening superior courts
The Pakistan Economy Watch (PEW) on Thursday said seventeen NRO beneficiaries are serving in the Federal Board of Revenue (FBR).
The recipients of the benefit are either facing NAB cases or convicted under NAB ordinance 1999, it said. These officials range from Collector Customs to Inspector Customs. Three NRO beneficiaries have been retired after completing their tenure.
FBR always blame taxpayers for shortfall in revenue but it has yet to put its own house in order, said Dr. Murtaza Mughal, President, PEW.
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Abu Dhabi Group, Warid Telecom on firm footing

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The Pakistan Economy Watch (PEW) on Monday said UEA based Abu Dhabi Group is experiencing some financial trouble but there is no chance that it will face any major challenge in the near future.
This group, one of largest foreign investors in Pakistan, is providing banking, telecom, insurance, internet, and realty services in dozens of countries. This group has no plans to wind up any of the businesses in Pakistan, it said.
“Rumours about closure of operations of Abu Dhabi Group in Pakistan are baseless that started circulating following publication of a public notice,” said Dr. Murtaza Mughal, President, PEW.
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PEW asks govt to reconsider genetically engineered seed deal

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The Pakistan Economy Watch (PEW) on Thursday urged the government to reconsider plan to import genetically modified cottonseed developed in India.
Monsanto formed in 1901 in the US introduced BT cotton seed in Pakistan in 1998. It has been tested in two dozen countries, majority have experienced problems, it said.
Pros and cons of BT cotton are being debated across the world while many Pakistani scientists have opposed it. Their reservations should be considered before finalising decision to import BT cotton seed from India.
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PEW lauds MQM’s stance on new taxes

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RGST unjustified prior to levy of agri tax
SBP yet to realise economy cannot swing against tide

The Pakistan Economy Watch (PEW) on Friday welcomed MQM’s stance to oppose proposed Reformed GST, flood tax or any other tax.
It said that other political parties and civil society should also resist decision to impose new taxes and it is not suitable in the prevailing economic scenario.
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